Hong Kong Oct bankruptcy petitions up 17.1 pct from Sept

Thu Nov 15, 2012 10:58pm EST

Related Topics

HONG KONG, Nov 16 (Reuters) - Following are monthly
bankruptcy statistics provided by the government.
    
                              Pct Change              Pct Change
No. of               October   M/M     Y/Y    Jan-Oct      Y/Y 
Bankruptcy petitions   759   +17.13   +21.83   7,165      +5.91
           
Bankruptcy orders      685    -2.70   +22.32   6,857      +3.05
    
    In August, the government revised down its 2012 full-year
GDP growth forecast to 1-2 percent from 1-3 percent, as the euro
zone crisis and sluggish global growth sapped demand for
exports. 
    
    

 (Reporting by Christina Lo and Twinnie Siu; Editing by
Jacqueline Wong)
FILED UNDER: